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piersonsy82
New Member

I rented a 2 bdr apartment for first 8 months of the year. I then purchased a home. How can I input the information into turbotax?

 
1 Reply
mohamed_96
Level 3

I rented a 2 bdr apartment for first 8 months of the year. I then purchased a home. How can I input the information into turbotax?

Thank you for your question.

 

If this is your first time purchasing a home, you may claim up to $5,000 as a non-refundable tax credit.

 

To do this, log into your TurboTax account and type in "first time home buyers' amount" in the find section. Then, confirm that you want to claim the home buyer's amount for 2020. From there, you can enter the credit for a maximum of $5,000 per household.

 

For more information, please see the links below:

 

Tax Tips for New Homeowners

Who Can Benefit From the Home Buyers’ Amount?

 

If you have any questions, you can contact our phone support team or contact us via private chat on Facebook or Twitter.

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